DAX, Price Action

By Claus Andersen

7. Oktober 2019

15 min.

When trading range go on to long. The probability for a breakout in the trend direction goes down to around 50:50.
As I mentioned in the spring, I think price will fluctuate above and below 12.000. That will not go on forever, but price just took a dip below last week again.

Last week I wrote:
“The support and resistance has been adjusted on this 15 min timeframe as price moves higher. The 12.500 area could be a magnet for price in this week.”

Price made it to 12.498 on my chart. Then turned down to the other magnet that was 12.000. Nice and predictable.

Once again I adjusted the support and resistance on the chart.

Have a nice trading week.

Claus Andersen

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